Please find enclosed press release in relation to the Audited Financial results of the Company for the quarter and financial year ended March 31, 2026.
ATHERENERG · price
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Ather Energy reported its strongest-ever performance in FY26 with record quarterly volumes of 83,418 units (up 76% YoY) and annual volumes of 2,62,942 units (up 69% YoY). Total income reached ₹3,823 crore, up 66% YoY, driven by geographic expansion, retail network doubling to 700 Experience Centres, and strong performance of the Rizta family scooter. Adjusted Gross Margin improved significantly to ₹925 crore (up 116% YoY) with margin expanding to 24% of total income. EBITDA losses narrowed sharply to ₹257 crore from ₹531 crore in FY25, with Q4 FY26 EBITDA margin at (2.5%), a ~2,080 bps improvement YoY. Loss for the period reduced to ₹517 crore from ₹812 crore. The company maintained market leadership in South India at 23.5% and expanded Middle India share to 17.3%.
The company continues to be loss-making but shows significant operational improvement with EBITDA losses compressing by over 1,600 basis points. Strong volume growth, margin expansion, and market share gains indicate improving unit economics, though investors should monitor the path to profitability amid ongoing net losses.